New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-22
THE NICARAGIIAN CANAL SCHEME.
x....aa1.ra .rra,- III. rur coMpA RY TILE SENATE

INCORPORATION OF THE COMPANi bi ihH SH'-
OPPOSED BY THE EADs MEN.
WASHINGTON, Feb. 81 (SpeciaD.-IIavng been bitterly
fought I'm their attempt 10 charter for Captain
Fads the friends OF the latter turned around to-day III
the Senate and repaid their antagonists IN the
same coin by Offering an energetic opposition
to the proposition to charter the Maritime Canai
Company OF Nicaragua Mr.. Vest lei the
opposjtion Mr. Edmunds spoke I'm favor OF tho Nicara
qua people Tho bill passed finally by vote OF 80 to D.
In the discussion which consumed about two hours the
same points were gone which had been touched upon
in the consideration of the Eads bill There was one incl
dent however which deserves passing MENTION
aud which brought about by MT
Wan wyck, who referred in sarcastic
manner to the efforts Secretary Frellnghuysen to OBJ
tain that famous secret fund OF S2jOOOO which three
wears AGO was mystery. the purport OF which was
locked in the breasts OF the Appropriation Committees OF
the Senate and House. 1t is not generally known, nor
has II been published before, that this appropriation
and the object for which it was sought were
fully and openly discussed In the House
II was in the course Of tedious anlcht session OF the
House. when the usual disorder which characterzc,s
those sessions prevailed. that Mr. Burnes OF Missouri
the House had been into the secret. got In his
seat and disclosed the whole scheme his coiieagucs
on the committee and those on the committee on
Annronriatnns were thnndcrstruck at seeing n state
secret disclosed In snch an abrupt manner Fortunately
the galleries deserted and not single newspaper
withheld from The Record and they have not yet APP
was sought TO keep simply the idea which Secretary
FrelinghiIysen had OF buying out the rights OF the
American Atlantic and Pacific ship Canal Company
company which claimed to have concession from
Ncoroga and which might have stood In the way OF the
United states Government in claiming its rights under
Tho Ncaracuan Treaty which then being negotiated
The hin Incorporates Frederick Billings. Charles L.
Dalv H. L. Hoclkiss. Francis 4. stout. W. H. Franklin.
Daniel Ammcn, William !. Merry Horace DAVIS, E1-
ward f. Rcalc James H. McNlulicn. Shepherd lioman.
md their associates rs the Maritime Canal Company of
Nicaragua with the principal office In New-lork CITY
The caplta stock he less than SJOOODOOo nor
moro Than 500 600 900 Ten per cent Is to he payable
when subscriptions tho capital stock are made. and
future payments he made as the board Of directors
NAV determine The aggregate of all charges, dues. ana
iowage be reasonable and not TO exceed 81 oOper
ton weight of the total OF all fncl and supplies In
cluded1 on board any vessel In transit, or not
exceeding 81 % per ton actual displacement OF any
steam vessel and 81 - per ton actual displacement OF
any sailing vessel The United states Is Ia exercise snch
control over the canal provided for by treaty with
Nicaragua. aud not inconsistent with any treaty ohhs
tions OF the United with Power and Is 10 en-
ioy IT'S mnobstrced tat half rates. for troops. mum
lions Of war ana mails II stock 10 the amount oI
$4,000 he subscribed and 10 per cent thereof
actually paid I'm within two years or N the work of con
sfrlcon shall not have actually begun and been IN pro
gres within years, the corporation shall hc deemed
Ia have expired hy limitation aud all lis franchises 70
have ceased and determined.